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12 years ago @ msgnet.org - Humanitarians for Swea... · 0 replies · +1 points
12 years ago @ Naked Security - Bitcoin currency colla... · 0 replies · +1 points
predetermined algorithm.
I'm just saying that the failure of Mt. Gox has a small negative
effect in the short term (one guy lost about $1000, the value of
Bitcoin as measured by the price on functioning exchanges dropped
~25%). But in the long term this will make the ecosystem stronger
through competition. I don't think it's possible for the whole
Bitcoin infrastructure to improve if some players don't fail along the
way.
But I'm not sure what your point is about the Bitcoin supply being
regulated and how that pertains to faith in the ecosystem. Could you
expand on that?
12 years ago @ Naked Security - Bitcoin currency colla... · 2 replies · +2 points
So is this an "enormous blow to the sustainability of the Bitcoin experiment"? I don't think so. It will only serve to make Bitcoin infrastructure more secure. Mt. Gox indeed may go away and get replaced by something better. But Bitcoin lives on....
13 years ago @ msgnet.org - Too Many Gadgets? · 0 replies · +4 points
13 years ago @ msgnet.org - Tom Ashbrook - Biased? · 0 replies · +1 points
The acts you cited were successful at imposing a cost on business to counteract the externalities they were imposing on the public through pollution. I wouldn't use these as examples that we can regulate anything successfully. It is more of an example of enforcing property rights. In order to protect the property of individuals, the government should impose rules that make people accountable for their externalities, and this is entirely consistent with a free market.
"The industrial revolution is a perfect example of what a lack of regulation will get you (i.e. child labor, cheap labor from women, long work days/weeks, filthy/dangerous/unhealthy working conditions, etc.)"
Let me just say that there is no developed economy in the the world that has not gone through this stage of economic development. The industrial revolution is a perfect example of how economic growth results in millions of ordinary people escaping generations of poverty and misery.
14 years ago @ msgnet.org - Tom Ashbrook - Biased? · 0 replies · +1 points
On the regulation matter, I think it's nonsense to say that because we deregulate, people take advantage of the system - as if people don't take advantage of regulated systems! For any proposed regulation there is absolutely a special interest, usually backed by corporate dollars, who stands to benefit from that regulation. Elected officials are not angels who are looking out for our well being - they are looking to secure enough money and votes to win the next election. So do regulations really stop businesses from "taking advantage of everyone"? Or do they enable them?! I think you're taking a whole lot for granted when you leave it in the hands of some politicians to set the rules of the game.
14 years ago @ http://republicanwhip.... - Post · 1 reply · +1 points
15 years ago @ msgnet.org - Reagan Was Right · 0 replies · +4 points
http://www.reason.com/news/show/132972.html
And his outrageous budget:
http://www.bloomberg.com/apps/news?pid=20601103&a...
And his position on this!
http://online.wsj.com/article/SB12181550246722255...
Can't really find anyone reputable who likes his bank plan either:
<a href="http://www.nytimes.com/2009/03/23/opinion/23krugm..." target="_blank">http://www.nytimes.com/2009/03/23/opinion/23krugm...
Cap and trade is terrible too - just passing on $650 billion to US consumers. It's not going to end until he loses re-election or the congress gets flipped around. Seriously!
15 years ago @ msgnet.org - Tom Ashbrook - Biased? · 0 replies · +2 points
UPDATE: I just listed to the show with Dambisa Moyo on aid to Africa. Excellent discussion, thanks for the heads up.
15 years ago @ Change.gov - The President-elect\'s... · 7 replies · +3 points